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the fiscal cliff. this included chris van hollen. also, senators mark warner and bob corker, a republican from tennessee. this is one hour. >> good morning. i'm the head of bloomberg government. thank you for joining us today, and thank you to deloitte for partnering with us in this event. when we launched bloomberg government just about two years ago, we had the aspiration of creating a one-stop shop, with data, tools, news, and analysis to help government affairs and government sales professionals make better and faster decisions. we went a long way toward achieving that aspiration. a big part of it is conversations on the important issues that face our nation today, particularly at the intersection of business and government. today's discussion on the fiscal cliff clearly meets that. we are honored to have such a thoughtful panel. senator mark warner, senator bob corker, congressman chris van hollen, governor tim pawlenty, who is currently president and ceo of the financial services roundtable. moderating our discussion today is al hunt. we always love having al over here. he really pu
, bob doll will be giving us his lineup for stocks. that's coming up at 7:00 a.m. eastern time. at 8:00 eastern, a cnbc exclusive. david tepper, one of the world's top performing hedge fund managers will join us to give us some of his wisdom in a kaerc t can't-miss interview. a lot to talk about with him. in the meantime, why don't we get to some of today's top stories. we could see some movement in the fiscal cliff negotiations. house speaker boehner offering to raise the top tax rates on those making over $1 million a year as well as other measures amounting to $1 trillion in new revenue. that's in exchange for an equal amount in spending cuts. the white house has not yet accepted the proposal. >>> also, apple says it has sold more than 2 million in iphone 5s in china just over the last three days. that's the best ever debut for the iphone line in china. apple is china's second biggest market, although it did lose a lot of market share while they were waiting for that i5 to come out. and citi research has downgraded apple from a hold to a buy. you can see there just below $500. >>
" is the nfl at a crossroads. what sportscaster bob costas says about the league's gun and con krugs problem. >>> and "starting point" team heading in to join us. it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ it's going to be amazing. and exciting. and maybe, most remarkably, not that far away. we're going to wake the world up. and watch, with eyes wide, as it gets to work. cisco. tomorrow starts here. cisco. alriwoah! did you get that? and...flip! yep, look at this. it takes like 20 pictures at a time. i never miss anything. isn't that awesome? uh that's really cool. you should upload these. i know, right? that is really amazing. the pictures are so clear. kevin's a handsome devil that phone does everything! search dog tricks. okay, see if we can teach him something cool. look at how lazy kevin is. kevin, get it together dude cmon, kevin take 20 pictures with burst shot on the galaxy s3. >>> good morning. welcome back. our team this morning, bob shrum is back. you must have had a good time. >> you asked me back. >> and nan ha
's the chief of staff to governor bob macdonald. to denise northrop came from state of oklahoma where she is chief of staff to governor mary phalen and roxanne white is joining us from the great state of colorado where she's chief of staff to governor john hicken looper. and so their full bios are on the pamphlets and nare all very accomplished professionals in their careers. i'm going to ask roxanne to start and we can come down this way. >> great. first, thank you for the report. i think it provides a good framework for all of us as states to continue to look at the challenges facing us. we have been engaged in pension reform in colorado. our pension fund is about 69% solvent. we did major reform in the last administration. and we are now in court trying to defend that reform. our pension costs by 2020 will go to 22%. and so to give you a sense of how far behind we were as a state, if we lose in court and the battle is whether or not we as a state have a right to ratchet down the colas for our state employees, then we could see a need to go to 25% of compensation by 2020. so it's fairly
, bob, it's a fantasy. all of this goldilocks stuff is a fantasy. you cannot get strong growth with rising taxes and lower spending. that's not going to happen. you cannot have unlimited stimulus that is not going to cause inflation. that's just a fantasy. so there's a real fight going on. none the less, have you noticed, gold being sold, buying the euro, it seems a weird trade going on here affecting the markets. this was going on yesterday as well. this may have to do with the yen. the yen is hitting new lows against the dollar. it's hitting new lows against the euro. have you seen what's going on with the japanese elections? the new prime minister told the bank of japan we want more stimulus. guess who's meeting thursday? the bank of japan. japan's exports fall for the sixth straight month. you are going to see the bank of japan on thursday announce new stimulus measures. you're going to see efforts to weaken the yen. it's going to get even weaker. that is the old yen carry trade. that may be where some of this money is coming from to do the odd little trades that seem to be
will never lift a finger for you again." >> those are tough words! >> you know the old bob novak, he used to say that republicans were put on earth to cut taxes. and if they don't, they have no purpose. >> no purpose, yeah. >> that was bob novak. you know, all of a sudden we're faced with a set of circumstances where we're talking about cutting taxes on spending, and now we've got stuff on the table to react to, and conservatives don't feel comfortable with what's on the table. >> so what is it that conservatives would like to have happen? in other words, compromise. you need compromise to get a deal done, but you're sort of saying don't compromise. >> no, we're saying have a serious conversation. the president is proposing taking an aspirin when we've got a bad case of pneumonia. you've got a trillion-dollar deficit this year, $172 billion just in november. 60% of our budget more or less is on entitlements. and he's proposing not to touch entitlements? that's a nonstarter. i mean, that is an irresponsible position to take. you've got cost of living -- >> that's not his position. it's not
. >>> he is always outspoken on sports. bob costas touched a nerve within he spoke out on gun control earlier this month. find out what he's saying about that now, coming up. hing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. till you finish your vegetables. [ clock ticking ] [ male announcer ] there's a better way... v8 v-fusion. vegetable nutrition they need, fruit taste they love. could've had a v8. or...try kids boxes! trust duracell to power their donated toys? duralock power preserve. it locks in power for up to 10 years in storage. guaranteed. duracell with duralock. trusted everywhere. up high! ok. don't you have any usefull apps on that thing? who do you think i am, quicken loans? ♪ at quicken loans, our amazingly useful mortgage calculator app
thompson. she's in for bob this morning. >> the dow is down 54 points. now just down about 34. the market is expected to move in tandem with any headlines across from washington. right now, we don't have the deal, not really a problem for the markets. of course, that could change as we head toward the close and the uncertainty builds. quick check of the european boards today. most of them were closed. those who did trade, i should say, were only traded a half day. the session there was mixed. the concerns over there continue to be will the u.s. go over the fiscal cliff. that kept pressure on some of the indices there. we're keeping watch on the bank stocks right now. we've seen a dourn-around in those there. futures popped earlier half an hour before the open. they have opened broadly to the down side in today's session. you guys were talking about it earlier, another positive reading on the pmi out of china. that seems to be lending some support to the material stocks in today's session, as you take a look at the shanghai composite, which is closing at a six-month high, or closed the new
sons, mark, bob, john and david, and the entire lugar family, most of which is with us here in the galleries today. their strength and sacrifices have been indispensable to my public service. i'm also very much indebted to a great number of talented and loyal friends who have served with me in the senate, including, by my count, more than 300 senators, hundreds of personal and committee staff members, and more than a thousand student interns. in my experience, it is difficult to conceive of a better platform from which to devote one's self to public service and the search for solutions to national and international problems. at its best, the senate is one of the founders' most important creations. a great deal has been written recently about political discord in the united states, with some commentators judging that partisanship is at an all-time high. having seen quite a few periods in the congress when political struggles were portrayed in this way, i hesitate to describe our current state as the most partisan ever, but i do believe that as an institution, we have not live
, that was you and me and we were driving bob michael and president bush nuts when the democrats were offering them, give us the tax increases now, we'll give you the spending cuts later and we were saying, oh, no, they'll never keep their word on the spending cuts. they'll tax the tax increases. quite frankly, the speaker has a difficult role to play here. he's seen by so many people as the principal guardian of our liberty and of sound economic policy within the context of the majority senate that frankly just think it's good for the country for the government to be bigger. the government is counterproductive to the performance of the rest of the world. >> thank you for coming on. >> i would respectfully suggest that the government is grown too big, promised too much and waited to long to restructure, but it's not too late. and i would also respectfully suggest that both political parties are responsible for that. >> absolutely right. >> we need comprehensive tax reform. and what i'm concerned about is that we're not differentiating between this fiscal cliff, it's the symptom, and the diseas
's check with mary thompson, on the floor in for bob pisani today. >> weakness across the board. weakness in the nasdaq, down about 20 points. the dow lost in early trade. a little more modest in the s&p, down 4.25%. traders saying the fiscal cliff headlines will continue to dictate trading. and here there was a little reaction in the futures market ahead of today's opening bell on the data and the better than expected production numbers. overseas, last night we did have some more bad news out of japan with business sentiment there weakening. as melissa was mentioning earlier, positive news on the manufacturing front in china. that's giving a lift, as she pointed out, to a number of mining stocks. while it's also giving a lift to energy, or to oil prices this morning, i should point out, some of the big name oil companies were a little bit lower in early trading, again, those being exxon as well as chevron. the traders said the bid in the market remains strong despite concerns about the fiscal cliff in large part because the investors remain positive going into 2013. this is the markets r
supply chain, inventory systems... ups? ups. not fantasy? who would have thought? i did. we did, bob. we did. got it. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. >>> welcome back, everybody. if you are just waking up, the end of the world has come and gone and we are still here. dow futures are indicated sharply down, weaker by about 142 point. that's coming after boehner's plan b was never brought to the floor because they didn't have the votes. that has a lot of people thinking that it is going to be much more complicated to get any sort of deal by the end of the year. you see some reflection in the markets, certainly not the reaction that we saw after the t.a.r.p. vote faile
. david herring, kent hall, who died on timely death working for me, care are garland, bob vanhuevland, wally, my legislative director who was with me for more than 20 years, tom mar, jerry gaginas, we all fondly call "mom," because she cracks the whip and makes sure the trains run on time. mary naylor, also has been with me more than 20 years. my deputies there, john rider and joel friedman, who have done extraordinary work on behalf of the people of this country. stew nagerka, who is going to help me with charts today, my longtime communication communics director, and so many more. and most  of all to my family, my wife lucy, who has been my partner through all this, was my campaign manager when i first ran for the united states senate, my daughter jessie, who in in many ways has perhaps sacrificed the most because when you're in this job, you miss birthdays, you miss other important events. but she has been a great daughter, and she was here last night for our farewell party. and we had a lovely time. our son, ivan, and his wife kendra, who are in oregon where they have a small far
Search Results 0 to 12 of about 13